Author: Deal Street Asia Online News

Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …

Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach a unicorn status with a valuation of over $1 billion, the startup announced on Wednesday. Hillhouse Capital’s early-stage investment unit GL Ventures, food delivery giant Meituan, Qualcomm’s venture capital (VC) arm Qualcomm Ventures,… Continue reading Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …

VN Digest: VinaCapital Ventures backs Hub Global; Solscan raises $4m

In separate blockchain-related developments from Vietnam, VinaCapital Ventures has backed Hub Global while data analytics firm Solscan has closed its seed round. VinaCapital Ventures backs blockchain accelerator Hub Global Vietnam-based venture capital firm VinaCapital Ventures has invested an undisclosed amount in Hub Global JSC, a platform to support local blockchain startups. VinaCapital Ventures said it… Continue reading VN Digest: VinaCapital Ventures backs Hub Global; Solscan raises $4m

Warburg Pincus closes inaugural Asia real estate fund at $2.8b

US private equity powerhouse Warburg Pincus has closed its inaugural Asia-focused real estate fund at $2.8 billion, the firm said on Wednesday. The Warburg Pincus Asia Real Estate Fund is the second-largest fund dedicated to the sector in Asia, according to data provider Preqin. Blackstone Group raised $7.1 billion in the region’s largest real estate… Continue reading Warburg Pincus closes inaugural Asia real estate fund at $2.8b

SDAX Financial raises $24m from PSA, Straits Trading, New Horizon Global

Singapore-based crowdfunding platform SDAX Financial, formerly known as Minterest, has raised $24 million in the first tranche of its Series B round led by Singapore port and cargo service provider PSA International, The Straits Trading Company, and New Horizon Global, the company said in a statement.  In May this year, digital assets exchange SDAX and… Continue reading SDAX Financial raises $24m from PSA, Straits Trading, New Horizon Global

SoftBank to borrow $4b from PE giant Apollo Global-led group

SoftBank Group Corp is borrowing nearly $4 billion from a group led by private equity giant Apollo Global Management Inc, a source familiar with the matter said, as the conglomerate looks to increase cash on hand after its finances came under pressure. The loan, to be secured by SoftBank‘s $40 billion Vision Fund 2, is expected to… Continue reading SoftBank to borrow $4b from PE giant Apollo Global-led group

SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m

India: Online grocery startup Zepto raises $100m at $570m valuation

Zepto, an instant grocery delivery startup headquartered in India’s financial capital Mumbai, has secured as much as $100 million in a funding round led by Y Combinator. The investment has pegged the valuation of the startup at $570 million within five months of starting services in the country’s fast-growing quick commerce segment. Zepto, founded by… Continue reading India: Online grocery startup Zepto raises $100m at $570m valuation

Deals Digest: L Catterton invests in Ci FLAVORS; Kurly raises $210m pre-IPO funding …

In two major investments in the North Asian markets, L Catterton Asia has invested in Japanese beauty care product firm Ci FLAVORS while Anchor Private Equity has backed South Korean online grocery startup Kurly. L Catterton Asia picks strategic stake in Japan’s Ci FLAVORS Consumer-focused private equity firm L Catterton Asia has made a strategic… Continue reading Deals Digest: L Catterton invests in Ci FLAVORS; Kurly raises $210m pre-IPO funding …